Change - Announcement of Cessation::Cessation of Non-Executive and Non-Independent Director

Issuer & Securities

Issuer/ Manager
KEPPEL CORPORATION LIMITED
Securities
KEPPEL CORPORATION LIMITED - SG1U68934629 - BN4
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
18-Oct-2019 17:20:51
Status
New
Announcement Sub Title
Cessation of Non-Executive and Non-Independent Director
Announcement Reference
SG191018OTHR0JVQ
Submitted By (Co./ Ind. Name)
Caroline Chang/Joyce Ng
Designation
Company Secretaries
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr Tow Heng Tan as a Non-Executive and Non-Independent Director of the Company.

Additional Details

Name Of Person
Tow Heng Tan
Age
63
Is effective date of cessation known?
Yes
If yes, please provide the date
01/11/2019
Detailed Reason (s) for cessation
Mr Tow Heng Tan will retire as Non-Executive and Non-Independent Director with effect from 1 November 2019. Mr Tow will concurrently cease to be Member of Nominating Committee, Member of Remuneration Committee and Member of Board Risk Committee (please refer to the attached announcement dated 18 October 2019 for further details).
Are there any unresolved differences in opinion on material matters between the person and the board of directors, including matters which would have a material impact on the group or its financial reporting?
No
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
No
Any other relevant information to be provided to shareholders of the listed issuer?
No
Date of Appointment to current position
15/09/2004
Does the AC have a minimum of 3 members (taking into account this cessation)?
Yes
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
6
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive and Non-Independent Director, Member of Nominating Committee, Member of Remuneration Committee and Member of Board Risk Committee.
Role and responsibilities
As above.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Direct interest in 63,888 shares and deemed interest in 28,789 shares of Keppel Corporation Limited
Past (for the last 5 years)
CapitaLand Township Holdings Pte. Ltd.;
ComfortDelGro Corporation Limited;
ST Asset Management Ltd.
Present
Pavilion Capital Holdings Pte. Ltd.;
Pavilion Capital International Pte. Ltd.;
Fullerton Financial Holdings Pte. Ltd.;
National Healthcare Group Pte Ltd.

Attachments

Media Release - Changes in composition of KCL Board_18 Oct 2019.pdf
Total size =97K